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To: hdl who wrote (10826)	6/25/2002 10:11:30 PM
From: Oeconomicus	Read Replies (4) \| Respond to of 11568

Andersen says "We're shocked." biz.yahoo.com

To: hdl who wrote (10826)	6/25/2002 10:53:51 PM
From: tejek	Respond to of 11568

On June 24, 2002, Andersen advised WorldCom that in light of the inappropriate transfers of line costs, Andersen's audit report on the company's financial statements for 2001 and Andersen's review of the company's financial statements for the first quarter of 2002 could not be relied upon. Its Andersen that amazes in these corporate scandals. There was a whole corporate culture of bending to the will of their clients. I now understand better the reaction of the Andersen CEO, I think that's who it was after he went in front of the Senate. He was furious that the Senate nailed Anderson. The guy complained that even when you are forthcoming with the facts [instead of having them squeezed out of you], you don't get treated well. I thought, oh my God, he doesn't get it at all. No wonder they are behind so many of these financial fiascos. And the average investor is getting burned by idiots like this. ted